May 25, 2023
Black Lives Matter (BLM) had an $8.5 million deficit, and its investment accounts lost nearly $10 million in value, according to 2022 tax records. The non-profit has blown through 2 ⁄ 3 of $90 million raised since the summer of 2020 following the death of George Floyd, the Washington Free Beacon reported. (snip) In 2022, the charity logged a $961,000 loss on a security sale of $172,000. (snip) Last summer, Black Lives Matter brought on a new board of directors led by Cecily Gay. Since 2006, she has reportedly filed for Chapter 7 bankruptcy three times, according to the New York Post.
